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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Latest Comments146 Comments
Countrywide: Potential Short Squeeze in the Offing
Let us count the ways – This fruit-cake - IDIOT – has used Gods word – and mangled it so much – nobody could understand it.
But – lets say no-more – then – this is the same fool that slept with haggard – and toe-tapped with other repubs….
Dobson – The GAY fool in leather with Rovey ……….
IRAQ WAR OF LIES – OR A CHRISTIAN CONSERVATIVE CAMP????
WHERE DO YOU WANT YOUR KID SLEEPING TONIGHT????
Heck you should just be sleeping with countrywide ….
But lets forget all the DOBSON gay stuff – this is the same FOOL-IDIOT that pushed the IRAQ WAR OF LIES – and told you bush-co was GOD himself….
So lets TAR and feather this IDIOT first – where is your cheap GAS? Where is your cheaper food? Where is your secure JOBS?
NOW lets talk about how these IDIOTS distorting – GODS WORD >>>>>&g...
……..
Countrywide: Potential Short Squeeze in the Offing
HUMMMMMMMM Americans terrorized by high gas prices - terrorized by - Mortgage companies - throwing them out of there house - terrorized by high food prices - and terrorized by will they have a job or not.
I think Americans know by now - the real terrorist are the rich-greedy - foot tapping repubs.
So basically - if the Osama "which the repubs like to let go" attacks the rich-greedy - Americans down-right don't give a "you know what”!!!!!
Here's to you rich-greedy repubs - you don't love Americans - Americans will return the favor - Cover your own back - Americans no-longer will fight for IDIOTS >>>>>&g...
The hazels at the air-ports – would show how stupid repub-security is – no border security – bring out the right wingers – yelling told you so. No port security –
Spy on Americas immunity bills ………
Go for it IDIOTS – let something happen – Americans would show-up in Washington and TAR and feather every repub out there.
New Lender Guidelines To Help Struggling Homeowners
No that is a great solution – give the free-traders – open Markets to manipulate the oil prices – and now – The repubs wants to give them – low cost American oil – to sell back to Americans at the high cost.
War of LIES – to say oil will be cheap with there – IRAQ war of LIES – and now more LIES oil will be cheap if we steal American oil and gas.
Until the OIL ENRON LIKE free-traders are regulated – They’ll just keep stealing and destroying America – Just like Countrywide and all the others.
Time to post everywhere - - The Enron samples of how they steal from America – Let Americans – Know what they do and how they do it.
MARKET TRADER LAUGHING AT AMERICANS – ONCE AGAIN.
TIME TO TAKE BACK AMERICA – PROSICUTE THE THIEFS!!!!
POST THE VIDS – OF THEM LAUGHING AT AMERICANS.
Holy Dow - Fast Money Recap (6/5/08)
The So-Called-Master-Mind of 9/11 – Can be Castrated and left in prison – To forever know – He’s going to His Heaven of Virgins – Knowing – It His will be his living hell - Forever.
And with The Constitutional Amendment - anyone that destroys another life – Through manipulation and flat out fraud and theft - on a massive scale – Like all the sup-prime steal your house – destroy your dreams – mortgage company exec’s .
Until these so-called entitlement people understand – there will be consequences for what they do – They will just keep on doing it.
You destroy the American People – or The World people – on a massive scale – You will forever be sent through your after life – Being less than a man.
If your eye offends you pluck it out – if your hand offends you chop it off – if you offend the world – They will cut them off. Americans doing there patriotic duty - Calling for a just and fair Constitutional Amendment – To insure Justice for All.
What is Countrywide's Lending Operation Worth?
On Countrywide and House at '''''''''''''''''
– Due to a deceptive act perpetrated on Myself -
''''''''''' – '''''''''''' – and the People of
Oklahoma – and The People of These United States.
False Foreclosure – Countrywide is a servicer – Not The -
Loan Holder.
On the House at ''''''''''''''''''''''... Countrywide
was listed as the mortgage holder – With the county -
However Countrywide had sold the loan – and went from owner
to servicer – With the buyer of said loan – Not filing the
papers of ownership with the country.
Therefore – The awarded 25,000 court ordered lien on said house
– Is hereby – Replaced on said house – Until countrywide can prove
who the actual owner is – and why said owner - of said loan – did
not file with the county – Land Office – and pay all the fee’s to
the county – For buying said loan.
This was a very deceptive foreclosure on the said house – Countrywide
had already sold the loan – and the proper owner – did not file for
themselves – and deceptively let the court think – Countrywide was the
legal owner – of said house.
This Lien - Is not released due to the sale of Countrywide to BAC.
Dumping the scam of there predatory lending - and deceptive foreclosures
Within the Legal system.
What is Countrywide's Lending Operation Worth?
simple example - I put 25,000 court ordered equity in this house - countrywide used the auction system to take my second lien and get rid of my equity - basically stealing it - however - all the work done on this house - I am taking with me - which means - this house is basically worthless - or the investor countrywide dumped the loan on - will have to put 25,000 plus into this house to make it livable.
So the investor got a 37,000 fee based price - original loan was 24,000 countrywide added 13,000 in fees.
so a 62,000 dollar house with 25,000 of work torn back off - the investor will have 37,000 + 25,000 + work of work to make the house livable - so the cost to the investor is 62,000 - a wash - and a down turn market - a loss of 15% or more of property price - The investor has effectively lost his butt - on investing - in countrywide house's.
Secondly - all the investors are not on lien - countrywide is a servicer - just like a lawn mower - they too don't have legal claim to the houses - they sold that right - and the investors never put liens on the houses.
So simply - countrywide holds no right to foreclose on any house - they sold that right to the investors - and the investors holds no liens on any of the houses registered with the counties across America.
So if a foreclosed victim asked for the owner of the note to show - they have registered that ownership - within the time frail allowed - statute of limitations - most home owners - legally own their homes.
So if a home owner decides to take the equity work with them - or fights in court. Most note buyers - have nothing to stand on. Investors are not and have not legally registered their claim on the house's - with the counties.
IDIOTS countrywide sold you worthless paper - and did not register you as the rightful owner with the proper authorities - and now just think how much back taxes you owe.
More on HELOCs, Second Liens and Rose Colored Glasses
for there down payment - and get good monthly - payments -everyone can meet.
```````
Subprime Mortgage Lessons from the Used Car Lot
Obama’s family was on the right side of liberating the death camps of WWII – Unlike the republican leader – selling IRON – to build the camps.
Warped since of values these repubs have – Just like the War of LIES in IRAQ – It’s okay to blame the troops for winning the war – with the insiders not managing the war right.
The troops have done their JOB – Washington insiders – Need to get off their butts and stop stealing American tax-payer dollars – and get there political situation worked out.
WERE STILL WAITING ON THERE 2 DOLLAR A BARREL OIL – FROM THERE WAR OF LIES – GIVE US LIBERTY – WITH 2 DOLLAR A BARREL OIL – OR GIVE US OUR TROOPS BACK.
HOW DO YOU KNOW WHEN WASHINGTON IS LYING TO YOU? – WHEN A REBUPLICAN OPENS THERE MOUTHS.
Subprime Mortgage Lessons from the Used Car Lot
The Rich Greedy be warned!!!!
The peace maker shall walk this world - Or the butcher shall - once again rise - to face the rich-greedy - Your Warrior's already have turned - disalusioned by your lies - like the rest of america - and the world - just like - Alexander the Great - The great destroyer - already has his army built - The choice is simple - Peace - or walk your road of war.
For it is by your own hand - does the great destroyer wait - his march across the world.
The French Revolution made the American Revolution look like a day at the park. After centuries of monarchy, feudalism and virtual theocracy, the French threw out virtually every major institution of daily life, with bloody exuberance.
The country became mired in intrigues, as the revolutionaries and the noble class tried to carve out new roles in the new order. After several false starts, the Revolution really got underway in 1792, when the monarchy was decisively ousted. Thousands of royalists were rounded up and jailed; about 2,000 were killed during riots, when angry mobs stormed the jails.
You can lop it off, or chop it off, hack it off, or whack it off, but no matter how you slice it, removing the head of another human being is tedious, messy and difficult.
Guillotine
Although the guillotine's glory days came during the height of the French Revolution, its history hardly ended there. After its initial success in France, the machine was exported to other nations. Although similar devices had already been used throughout Europe, the guillotine proper became very popular in Germany, especially in Nazi Germany, where it was used for tens of thousands of executions during Hitler's tenure.
Countrywide CEO Finds Struggling Homeowners “Disgusting”
Okay - it's like this - say i bought a car - and the loan was sold - but no where is it registered as a lien on the car - you bought the loan - but did not register with the state - you have the lien now.
same ole same ole with - housing liens - you bought the loan - but didn't place a registered lien with the state or county.
So basically - investors have a worthless piece of paper they bought.
You heard of statue of limitations? you had a time limit to file your claim.........
Countrywide ripped everybody off...........
Don't you love it??????????
Countrywide CEO Finds Struggling Homeowners “Disgusting”
SHOW US - YOU HAVE SIGNED - TITLE - TO THE PROMISARY NOTE !!!!!!!!!!!!!
When a Default and Foreclosure Take Place
When a mortgage goes into default (or when a servicer PRECIPITATES a default by fraud), the servicer typically orchestrates the foreclosure. But very often the servicer does this by engaging the servicers of national “foreclosure specialists”, such as Fidelity, FANDO, and or NDex. These institutional “foreclosure specialists” take charge and call the shots.
There is also some indication that some foreclosure specialists and/or servicers begin fabircating documents in support of the foreclosure.
Bear in mind that the Servicer is SELDOM the owner of the mortgage debt except in variant “A” or “B” where whole loan ARMs are held by depository institutions. (The portfolio loans are mostly Treasury Indexed or Cost of Funds Indexed. The LIBOR indexed ARMs are mostly for securitization and sale to foreign investors.)
As explained above, the servicer is also not typically the HOLDER of the promissory note.
But servicers are in a hurry to initiate foreclosure and rely upon the fact that most borrowers do NOT defend against the foreclosure suit. So the servicer never bothers to obtain the promissory note before initiating foreclosure.
Countrywide CEO Finds Struggling Homeowners “Disgusting”
China Needs Our Help!!!
Okay we all have tents lying around – Lets figure out a way to get them to the People in China!
Maybe Feed the Children will help get them there – we just give them – and let the gov - fund feed the children – To get them shipped there.
China Needs Our Help!!!
"We need more than 3.3 million tents," Foreign Ministry spokesman Qin Gang told reporters, adding that 400,000 tents have already been delivered. It was the second call for tents from China in recent days.
"We hope and welcome international assistance in this regard. We hope the international community can give priority in providing tents," he said.
Countrywide CEO Finds Struggling Homeowners “Disgusting”
KInd of like them faking all those apprasers is it not - and he gets mad - Now he's caught - and Now the next Great American squatters take place.
Can You Claim Sexism – If it’s Your Husband – That’s Sexist?
But then again – Can you call people a sexist – If your one too?
"Bitches," "Whores," "Sluts," "Trailer Trash" who must be "destroyed" - how Hillary refers to Bill's sex victims and girlfriends.
"If you want to remain on this detail, get your f*cking ass over here and grab those bags."
Hillary gave this order to a Secret Service agent who wanted to keep his hands free in case of an incident (as he was trained and supposed to do) and who, therefore, was hesitant to carry her bags. According to countless witnesses over many years, this kind of demanding and demeaning behavior was and still is common for Hillary Rodham Clinton. In fact, Chris Mathews-a left-leaning news commentator who is often an apologist for Democrats-said years later that he had seen Senator Hillary Clinton using a Secret Service agent to carry her bags on the Washington to New York shuttle. "Who in the Senate gets a sherpa to carry their bags for them? Who pays the airfare for this guy? Who pays for his life-style? Who pays his salary to walk around carrying her bags? This looks pretty regal" (Hardball, 08/01, quoted on Newsmax.com, 07/17/01).
"I am proud that my husband has stood up as president to confront the violence and to protect American women."
Regarding Bill Clinton's position on the issue of violence against women (Issues2000.org 01/21/03).
Note: When Bill Clinton saw that Juanita Broaddrick had a swollen lip, he advised, "You'd better put some ice on that" (The Wall Street Journal, 02/19/99).
California Municipalities Helping Homebuilders - Housing Tracker
Well boys and girls – now that countrywide has – Got a little of whats coming down the pike – Just wait till there spending billions – On removing squatters – and corpo liens ……..
Heck – I could make a living off – Just squatting in Countrywide House’s.
The Rich-Greedy – Needs to Know – American Justice System – Is a two way sword.
We did everything we could – to have worked things out – But as you see with Gonzilo – He never did care about anything but his money.
So since he used the laws to steal 25,000 – from me - and more from all the American people – Then let his company and all the rich-greedy banks – die by the law.
Find a house – move in – millions of lawsuits to evict – everybody – courts overwhelmed – after 7 years – it’s your home.
What’s that saying – just give the rich-greedy enough rope to hang themselves?
Hey Mozilo – Just make sure – there are film crews around – when you jump from a window – Okay? - That way – It can be - YouTube’s most popular.
Humm – Now where to post what to do?
Friday's Options Outlook: S, PENN, CFC, NAT, EK, AIG, XLF, NVDA, PCLN, ENER, GNW
How safe are you paying 4.00 a gallon for gas – and maybe more very soon?
How safe are you with open border’s - let anyone in?
How safe are you with cheap slave labor taking all your jobs?
How safe are you – paying a trillion dollars for the IRAQ war of LIES – while the rich pay nothing
- And you’re thrown out of your houses?
How safe are you today – paying for food – you can buy – only half as much?
Tell me America – Just how blessed are you - after – allowing another country to decide – Your foreign policy?
Tell me America – Just how g-d has showered you with blessings? For going down a path of LIES?